Which of the Following Is an Example of the Planning

question 110

Multiple Choice

Which of the following is an example of the planning function of the budgeting process?

• A) A budget demands integrated input from different business units and functions.
• B) Employees are motivated to achieve the goals set by the budget.
• C) Budget figures are used to evaluate the performance of managers.
• D) The budget outlines a specific course of action for the coming period.

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Definitions:

Copper Ore

A natural mineral formation containing copper in sufficient concentration to make its economic extraction feasible.

Comparative Advantage

A concept in economics where a country can produce a particular good or service at a lower opportunity cost than its trading partners.

Labor-Intensive

Describing a process or industry that requires a large amount of labor to produce goods or services compared to the amount of capital used.

Labor-Abundant

Referring to a country or region that has a large supply of labor relative to capital.